Ace Drive said more customers are coming in to rent after scrapping their vehicles once their COEs expire because they cannot afford to get a replacement.
“We have been noticing a spike in rental demand for a few months now, mainly because of the uptrend in COE prices,” said Ace Drive executive director April Koh.
“Most of our customers are telling us that they are putting a halt on their purchasing plan to see if they can rent or lease a car during this interim period. And possibly buy a car when the COE prices plunge.”
